Pro Day Trader vs. Amateur Head-to-Head CHALLENGE | Carmine Rosato

Check out Carmine's Youtube: @carmine_rosato

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DISCLAIMER: I am not a financial advisor. The content of this video is for entertainment purposes only and does not give any recommendation to buy or sell any security. Investments of any type involve risk. These videos are meant to document my experiences and do not provide any guarantee of gains or losses in any investment.

[carmine_rosato]

Very challenging two weeks but fun nevertheless !
Let's do it again when conditions become much clearer! Happy with the outcome and happy to see you starting to see consistent results through tons of screentime!

[PRECISIONTRADERUNIVERSITY]

You guys did great. Excellent editing as well. Just a few recommendations for future challenges. It would be nice if your opponent was showing a live P&L. Also for anyone who missed it Daniel was playing 1-2 contracts(500-1000 shares) and Carmine's chart showed 15 contacts(7, 500 shares) per entry. Anyone playing over 10x the size should be able to 10x the other person. If Daniel had used equal sizing he would have made close to 30k and won. Also for context, Carmine caught the equivalent of just over 3 dollars worth of SPY movement in 2 weeks or 30 cents per day(average) using 7500 shares. Props to him for building up that much size tolerance and being quick to take stops because most know one emotionally bad day of trading with that size and you wreck weeks and even months of profit. Most people will be way more comfortable passing 10 prop firm challenges with someone like APEX and then trade copying across the accounts with a 50-200 dollar per day target. It is a lot easier and safer doing this to make 500-2000 a day with 3-5 MES and MQN contracts rather than one account with 3-5 ES or NQ contracts but to each his own. I look forward to the next video Sir.

[reececooper]

seeing your progress through the past 2 years from you videos is really awesome, you can see how you react differently to each win and loss with a more strategical mindset and not letting your emotions take as much control. I also believe the pressure of this being a challenge may have pushed you even the tiniest to get great trades when you can get good ones easily enough just for the content. thanks for the fun progress videos and keep climbing!

[dylanstox]

Excellent video! So much improvement on your end, Daniel! Way more calm and collected which is allowing you to stay patient and trust your intuition! You'll be trading like Carmine before you know it!

[eddyojeda]

Carmines knowledge about trading is impressive and you're no rookie anymore Daniel. Keep up the work!

[Fithell]

This was fun to watch. Especially with the live commentary and thought process.

[tradewithhamza]

i like the break even rule for the 20 points but if i can give a little hint do not use a fix number to define a break even time. instead use a ratio comparated to your loss. 20 points can be a lot for one trade or can be really little. in my scenario example i look for 2/1 risk reward. i would move my stop loss in break even at 1/1...

[mohamedchaer]

The way you make your videos the editing the quality of the sound is absolutely amazing
I looove your videos

[iAmCrunchy]

*How you liking the footprint charts?*

[elanap.]

I love this battle content, what a great idea!

[commonsensefinancial]

Daniel, one of the best video's I have watch on trading futures in a long, long time! Very familiar with Carmine Rosato and your channel. What I really liked, you two going head to head, and getting to hear what you two were thinking and struggling with on each trade. Learned a lot from both your commentary and Carmine's. Thanks!

[rylandavis]

Getting stopped out for breakeven on a winner is a large part of the game. I dont like rules where as soon as im up x amount i set it to breakeven. You want your stop WHERE IT MAKES SENSE. if you are really worried about losing that much you can just trail the position out tighter and reenter off of the pullback assuming price doesnt invalidate your idea (the stop that makes sense. Your stop should always be based off of some kind of structure, it seems to me like you are setting your stop to breakeven in a place where you should probably be tightening the stop to maybe -.5R in the grand scheme of things a -.5R isnt that much to give the trade a chance to actually work especially if your risk reward is good and you think theres a good chance you could run 5R or more.

By the time you move your stop to breakeven you should be far away from that market structure, you entered the trade because there eas market structure there, price is frequently going to come back and test that structure. You do not want to get stopped out at the nearest market structure (which happens to be your entry, and by necessity also your breakeven stop)

[TenTonNuke]

I'm a technical swing trader and hearing all this "I feel like" and "price should" and trading based on gut instinct is giving me anxiety.

[TraderChick]

That was so fun to watch! Thank you! It’s really cool to see that even professionals go through the same thought process, and ups and down as me.

[JCU]

Please continue to do more of these. Great job to both of you

[Mclovin_trades]

My journey of trading futures started with your video with TBM and so far I consider it one of the top 5 best thing I did with my life. I truly hope someone else will watch this new updated version and start his/her journey as funded trader. Thank you Daniel!

[arthurscott]

The student doing as well or better is a HUGE Testament to the teacher. It's one thing for the teacher to do well. The point is for the student to do well. As long as this video is not cherry picked. AWESOME! THANK YOU!

[Virenss]

Massive improvement from the challenge with Matt over 2 years ago!

[allanpedersen]

Can't wait to watch this after my work out👍

[derekhosford]

Daniel your progress since you started this journey has been nothing short of impressive. Nicely done!